This morning I bought 1000 shares of RH at $104.60. After I bought these shares the stock dropped down a bit. It looked to me like it was going to bounce back up so I bought another 500 shares at $102.60. As I’m writing it’s back up to 103.45. I’m hoping it continues up so I can get a Call sold.
Buy 500 Shares RH @ 102.60
I now have 1500 shares of RH.
Steve
The Options Coach
Your email got me to look at RH this morning.
It had turned south by the time I looked at it but appeared to be bottoming (my WAG) so I Sold a $102 Weekly Put and reaped a $2.71 premium.
I then placed a Buy $102 Put order at $1.35 with the hopes of making a quick $1000. If not today, we will see what tomorrow brings.
Good luck!